The chief executive officer of the Russian-led South Caucasus Railways (SCR) company Viktor Rebets, Armenian minister of transport and communications Manuk Vardanyan and general manager of Armenia International Airports, operating Armenia’s largest Zvartnots airport, Marcelo Wende signed a Memorandum of Intent for the construction of a railway to Zvartnots international airport.
Monetary and Credit Policy of Armenia’s Central Bank for the First Quarter of 2012 Program forecasts growth in the average nominal wages at 4.7% in Armenia.
Armenian economy’s dependence on individual money transfers has not abated for the recent five years, Manuk Yerghnyan, head of the Economy and Values research center reported while presenting the center’s National Competitiveness Report for 2011 and 2012 at a news conference.
International financial institutions are teaming up to support local businesses with private equity financing in the Caucasus. The EBRD, IFC, FMO and BSTDB will invest in the Caucasus Growth Fund.
